Monday, 1 August 2011

Case Study - CBIP


1. Trendline: sideway (Neutral)
2. Bollingerband : Breakout after squeeze with volume higher than 30 EMA (Bullish)
3. Candle Stick : Long white bar (Bullish)
4. ADX: Uptrend with weak momentum (Bullish)
5. MACD: Forming bottom round cross 0 (Bullish)
6. RSI : Break up 70% (Bullish)
7. Stochastic: Break 80% (Bullish)
8. Volume Distribution: High selling pressure by big shark to retailer (Bearish)



Conclusion: 6 Bull 1 Bear 1 Neutral

Entry Price: 4.25
Profit Taking: 4.35, 4.46
Cut Loss: 4.21

Remarks: Beware of high selling pressure by Sharks close to market end.

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